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Biden administration says expanding LNG exports could increase emissions and drive up prices

^{Published on 2024-12-17 15:21:02 - MSN}
 

• Almost a year after pausing new permits on LNG export terminals, the Biden administration released a report Tuesday warning of serious environmental and economic risks to increasing exports of the commodity.

The Biden administration has released a report indicating that expanding U.S. liquefied natural gas (LNG) exports could lead to higher domestic energy prices and increased greenhouse gas emissions. The report, which was mandated by Congress, suggests that while LNG exports could enhance energy security for allies and potentially lower global emissions by displacing coal in countries like China and India, it would also raise costs for American consumers and contribute to higher emissions due to the energy-intensive process of liquefaction and transportation. The study highlights the trade-offs between economic benefits, environmental impacts, and energy security, noting that the economic benefits might not be as significant as previously thought, and the environmental costs could be substantial. This analysis comes at a time when the administration is under pressure to balance domestic energy needs with international commitments to reduce carbon emissions.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/biden-administration-says-expanding-lng-exports-could-increase-emissions-and-drive-up-prices/ar-AA1w2peL ]

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